(1) A security interest is not invalid or fraudulent against creditors solely because:\n(a) The debtor has the right or ability to:\n(A) Use, commingle or dispose of all or part of the collateral, including returned or repossessed goods;\n(B) Collect, compromise, enforce or otherwise deal with collateral;\n(C) Accept the return of collateral or make repossessions; or\n(D) Use, commingle or dispose of proceeds; or\n(b) The secured party fails to require the debtor to account for proceeds or replace collateral.\n(2) This section does not relax the requirements of possession if attachment, perfection or enforcement of a security interest depends upon possession of the collateral by the secured party. [2001 c.445 §15]
Oregon Legal Code